First Savings Financial Group price target raised to $26.50 from $20 at Piper Sandler

Piper Sandler raised the firm’s price target on First Savings Financial Group to $26.50 from $20 and keeps an Overweight rating on the shares. The firm believes First Savings’ Q3 results showed positive trends given a 3% PPNR beat driven by stronger net interest income with an essentially stable net interest margin, solid loan growth and well-managed operating expenses.